PennantPark Floating Rate Capital Balance Sheet Health
Financial Health criteria checks 1/6
PennantPark Floating Rate Capital has a total shareholder equity of $658.0M and total debt of $671.1M, which brings its debt-to-equity ratio to 102%. Its total assets and total liabilities are $1.4B and $701.0M respectively. PennantPark Floating Rate Capital's EBIT is $111.1M making its interest coverage ratio 3. It has cash and short-term investments of $75.8M.
Key information
102.0%
Debt to equity ratio
US$671.08m
Debt
Interest coverage ratio | 3x |
Cash | US$75.83m |
Equity | US$658.01m |
Total liabilities | US$701.05m |
Total assets | US$1.36b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 22P's short term assets ($88.1M) exceed its short term liabilities ($28.2M).
Long Term Liabilities: 22P's short term assets ($88.1M) do not cover its long term liabilities ($672.9M).
Debt to Equity History and Analysis
Debt Level: 22P's net debt to equity ratio (90.5%) is considered high.
Reducing Debt: 22P's debt to equity ratio has increased from 90.5% to 102% over the past 5 years.
Debt Coverage: 22P's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 22P's interest payments on its debt are not well covered by EBIT (3x coverage).